Air cargo: IATA registers moderate but sustainable growth

Global air cargo traffic in October 2013: Results remain under pressure despite slight increase in volume

Demand in the international air freight market has risen 4 per cent in October 2013 compared to the same month of the previous year. This is the result of the current transport figures of the International Air Transport Association (IATA). With the exception of Africa the airlines in all regions were recording growth.

The average load factor for October 2013 was 46.4%, which is an improvement on the year-to-date load factor of 44.8%. This is still several percentage points below the peak value of 2010.

“Since mid-year we have seen modest but sustained growth in cargo fed by stronger business confidence and improving trade flows. Air cargo is still a very tough business. Matching capacity to demand has been difficult in an environment where passenger traffic is growing more robustly. There is some evidence that the fall in load factors has stabilised, but yields remain under pressure,” said Tony Tyler, IATA’s Director General and CEO.

European airlines recorded year-to-date growth of 4.4% of air cargo volume in October 2013. Capacity utilisation grew by 3.6%. Despite the 17-day federal government shutdown in the US, North American carriers recorded a solid rise of 3.7% in demand.

African carriers experienced the only decline in October compared to October of last year (-2.7%). Lack of adequate infrastructure and political stability continue to hinder growth potential.

Quelle: LogEastics

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